EX-99.2 3 e976714.txt EXHIBIT 99.2 Exhibit 99.2 RELEVANT FACT PAYMENT TO SHAREHOLDERS We would like to inform our Shareholders that the Boards of the following companies, in meetings to be held on June 30, 2004, will deliberate about the proposals presented by management regarding the payment of dividends of the second quarter of fiscal year 2004. Part of these dividends will be paid in the form of Interest on Capital Stock on August 17, 2004, and constitute an anticipation of the annual dividend as stated in the by-laws. These payments are:
AMOUNT PER SHARE (COMMON AND PREFERRED) INTEREST ON CAPITAL STOCK (*) DIVIDEND TOTAL ----------------------------- -------- ----- METALURGICA GERDAU S.A. R$ 0.62 R$ 0.46 R$ 1.08 GERDAU S.A. R$ 0.36 R$ 0.29 R$ 0.65
The Interest on Capital Stock will be paid with Income Tax withholding of 15% (fifteen percent) as per Paragraph 2, article 9 of the Brazilian Law # 9249/95. The Dividends will be paid without income tax withholding, as per the current legislation. Shareholders exempt of withholding of income tax must confirm this status by mailing the documents no later than June 30, 2004 to the following address: GERDAU - Setor de Acionistas (Shareholders Services) Av. Farrapos, 1811 Porto Alegre RS CEP 90220-005 BRASIL Tel +55 (51) 3323-2211 Please note that shares acquired after July 1, 2004, inclusive, in the Brazilian Stock Market, will be EX-Interest on Capital Stock and EX-Dividend. Porto Alegre, June 17, 2004. OSVALDO BURGOS SCHIRMER Vice-President Investor Relations Director